Lead Story Picture
The settlement is the latest among big banks related to the financial crisis, and ends government claims that Morgan Stanley misrepresented to investors the mortgages it packaged into securities. (Credit: AP)

Morgan Stanley To Pay $3.2B To Settle US Mortgage Claims

Morgan Stanley on Thursday agreed to pay $3.2 billion to resolve claims that it misled investors about mortgage-backed securities before the financial crisis, New York Attorney General Eric Schneiderman said.

  • BREAKING: Fox, Dish Settle Copyright Fight Over Ad-Skipping DVR

    Dish Network and Fox have reached a settlement to end their four-year copyright battle over the satcaster’s ad-skipping, place-shifting Hopper DVR, the companies said Thursday.

  • Medicare Eases 60-Day Overpayment Rule

    Medicare regulators on Thursday relaxed an obligation for doctors and hospitals to return overpayments within 60 days to avoid False Claims Act liability, reducing how far they need to look back for excess reimbursement.

  • Ex-Bryan Cave Atty Admits Threat To Murder Ex-Coworker

    A former Bryan Cave LLP attorney admitted in Missouri federal court on Wednesday that he threatened to kill a former co-worker at the firm during a 2013 phone call, according to court filings and news reports.

  • Eyes On High Court As Fed. Circ. Again Limits AIA Appeals

    The Federal Circuit on Wednesday shut down another argument that would have effectively permitted an end-run around a rule barring appeals of institution decisions in America Invents Act reviews, shifting attention to the U.S. Supreme Court, which will soon hear a case that could permit such appeals.

  • Embattled AG Kane Survives Ouster Vote In Pa. Senate

    A move to oust Pennsylvania Attorney General Kathleen Kane, whose law license has been suspended in the wake of criminal charges, failed to garner the required two-thirds majority in an initial vote in the state’s Senate on Wednesday.

  • Judge In GM Ignition Switch MDL Won't Unseat Hilliard

    The New York federal judge presiding over multidistrict litigation over General Motors' deadly ignition switch defect on Wednesday shot down a plaintiffs attorney's bid to eject co-lead counsel Robert C. Hilliard of Hilliard Munoz Gonzales LLP from the litigation, saying that the "sometimes wild" accusations of impropriety are meritless and backed by scant evidence.